Aleafia Health Inc. (OTCQB: ALEAF) (TSX:AH) has entered into an amendment to the terms of the loan agreement with NE SPC II LP dated as of December 24, 2021 and as previously amended by agreements dated March 28, 2022 and June 17, 2022.
While the original loan agreement provided that the indebtedness owed to NE SPC could be made payable on demand, NE SPC has agreed in the amendment to forbear on enforcing the loan agreement until the earlier of an event of default, or May 31, 2023. The amended terms also provide for additional circumstances that would constitute an event of default as well as additional covenants imposed on the company including an obligation …